Tags Result

Egypt's Parliament approves EBRD's expansion plans into Sub-Saharan Africa, Iraq

The House of Representatives agreed upon presidential decision No. 70 of 2025, which approved decisions No. 259 and 260 of the European Bank for Reconstruction and Development's (EBRD) Board of Governors on expanding the bank's operations in sub-Saharan Africa and Iraq.

Updated 3/25/2025 7:19:00 AM
SCZONE beta launches EBRD-backed one-stop-shop digital services for investors

The General Authority for the Suez Canal Economic Zone (SCZONE) has announced the beta launch of its digital services to enhance the investors’ business.

Updated 3/24/2025 7:59:00 AM
EBRD lowers Egypt's 2025 GDP growth forecast

The European Bank for Reconstruction and Development (EBRD) has cut Egypt’s gross domestic product (GDP) growth forecast for 2025 to 4.2%, 0.3% down from its September estimates, according to EBRD’s latest Regional Economic Prospects report.

Updated 3/2/2025 8:11:00 AM
Egypt negotiates €200M from Europe to finance Red Sea power transmission line

Egypt is nearing the conclusion of negotiations with the European Union (EU) and the European Bank for Reconstruction and Development (EBRD) to secure up to €200 million in financing for a new power transmission line in the Gebel El Zeit area on the Red Sea coast.

Updated 2/13/2025 8:25:00 AM
Arabian Cement pens €25M financing agreement with EBRD

Arabian Cement Company has signed a €25 million loan agreement with the European Bank for Reconstruction and Development (EBRD)

Updated 2/12/2025 9:52:00 AM
Egypt to secure €200M for new power line project in Gabal El-Zeit

Egypt is finalizing negotiations with the European Union (EU) and the European Bank for Reconstruction and Development (EBRD) to secure up to €200 million for launching a new power line in the Gabal El-Zeit area.

Updated 2/9/2025 10:31:00 AM
EBRD provides $22.6M loan for Hassan Allam Construction’s capital increase

The European Bank for Reconstruction and Development (EBRD) has disbursed a four-year loan of $22.6 million to support the capital increase of Hassan Allam Construction (HAC), a subsidiary of Hassan Allam Holding.

Updated 2/9/2025 7:43:00 AM
EBRD fully exits Ibnsina Pharma

The European Bank for Reconstruction and Development (EBRD) has fully exited its remaining 8.8% equity in Ibnsina Pharma via the Egyptian Exchange (EGX)

Updated 2/5/2025 9:40:00 AM
Ministry of Planning, EBRD sign MoU to boost public-private sector partnership

The Ministry of Planning and Economic Development and International Cooperation has signed a memorandum of understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) to enhance cooperation in implementing public-private partnership (PPP) projects.

Updated 2/5/2025 1:55:00 AM
Finance Ministry pens €10M agreement with EBRD to boost Egypt's private sector growth

The Egyptian Ministry of Finance signed a cooperation agreement with the European Bank for Reconstruction and Development (EBRD) to establish an “Egypt Account” with a capital of €10 million.

Updated 2/5/2025 1:49:00 AM
Egypt tops EBRD operations in Southern, Eastern Mediterranean region for 2024: Madbouly

Prime Minister Mostafa Madbouly said Egypt has maintained its position for the seventh year in a row as the largest country of operations for the European Bank for Reconstruction and Development (EBRD) in the Southern and Eastern Mediterranean region in 2024.

Updated 1/23/2025 10:16:00 AM
EBRD approves $275M loan for Gulf of Suez mega wind farm

The European Bank for Reconstruction and Development (EBRD) has approved a $275 million syndicated loan for a 1.1 GW wind farm project in the Gulf of Suez, developed by Saudi-based ACWA Power and Hassan Allam Utilities.

Updated 12/24/2024 8:39:00 AM
AAIB, IFC, EBRD, BII issue $500M sustainability bond to support climate finance, MSMEs

Arab African International Bank (AAIB) has issued a $500 million sustainability bond, with investments from the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII).

Updated 11/25/2024 3:10:00 AM
Egypt secures $21.3M in financing from EBRD to expand Gulf of Suez wind power plant

The European Bank for Reconstruction and Development (EBRD) has announced $21.3 million in development financing for Egypt's Red Sea Wind Energy firm to expand the wind power plant in the Gulf of Suez.

Updated 11/21/2024 3:57:00 AM
SCZONE, EBRD probe cooperation in fields of common interest

The General Authority for Suez Canal Economic Zone (SCZONE) and the European Bank for Reconstruction and Development (EBRD) have discussed cooperation in the fields of common interest.

Updated 10/16/2024 3:31:00 AM
EBRD appoints Transfora as digital partner for SCZone development

The European Bank for Reconstruction and Development (EBRD) has selected Transfora, a provider of business process automation solutions, to create a digital operations platform for the Suez Canal Economic Zone (SCZone).

Updated 10/2/2024 10:52:00 AM
EBRD trims Egypt's 2024 economic growth forecast amid energy challenges

The European Bank for Reconstruction and Development (EBRD) has revised Egypt's economic growth forecast for 2024, with energy and electricity disruptions persisting as down risks.

Updated 9/29/2024 6:28:00 AM
EBRD, Credit Agricole to back green investments in Egypt with $20M

Credit Agricole Egypt’s board has approved sealing a $20 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to boost green investments in Egypt.

Updated 8/1/2024 2:30:00 AM